Adams Natural Resources Fund (NYSE:PEO) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.21 and traded as low as $22.29. Adams Natural Resources Fund shares last traded at $22.36, with a volume of 38,417 shares.

Adams Natural Resources Fund Stock Performance

The firm’s fifty day moving average price is $22.90 and its 200-day moving average price is $23.21.

Adams Natural Resources Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 22nd were issued a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 18.48%. The ex-dividend date was Friday, November 22nd. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.

Hedge Funds Weigh In On Adams Natural Resources Fund

Several large investors have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in Adams Natural Resources Fund in the third quarter valued at $590,000. Stifel Financial Corp increased its stake in shares of Adams Natural Resources Fund by 2.2% in the third quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider’s stock valued at $1,724,000 after buying an additional 1,582 shares during the period. Capstone Investment Advisors LLC bought a new position in shares of Adams Natural Resources Fund during the third quarter worth about $1,247,000. D.A. Davidson & CO. raised its position in shares of Adams Natural Resources Fund by 1.1% during the third quarter. D.A. Davidson & CO. now owns 64,107 shares of the financial services provider’s stock worth $1,489,000 after acquiring an additional 715 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Adams Natural Resources Fund in the third quarter valued at approximately $360,000. Institutional investors own 33.54% of the company’s stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.